A closer look at Universal Basic Income
What is Universal Basic Income?
In theory, Universal Basic Income (UBI) is an unconditional, no-strings-attached, flat payment made by a government to all citizens as a form of welfare. The questions of its implications and implementation carry ambiguity and are debated globally. Currently, there are two main philosophies around how a UBI should work: The first philosophy believes that a UBI is about ending poverty, the concomitant social and economic issues, and the stigma of aid by making payments exclusively to low-income citizens. The second philosophy targets irreversible systemic changes and […]
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